XRP has remained in a consolidation phase around the $2 mark, mirroring the broader crypto market’s indecisiveness. Bitcoin (BTC) continues to struggle below the $100,000 level, leaving altcoins in a holding pattern. However, some analysts suggest that XRP may be on the verge of a massive breakout, particularly when the broader market regains momentum.
XRP Breaks Above Daily EMA Ribbons
Crypto analyst Steph has identified three key technical indicators hinting at an impending XRP rally. The first is a breakout above the daily EMA ribbons—a collection of exponential moving averages that help traders assess trend direction. Historically, such breakouts have preceded major price surges.
#XRP: BIGGEST CHANCE OF YOUR LIFE!!! pic.twitter.com/ghCJ7VYS6r
— STEPH IS CRYPTO (@Steph_iscrypto) February 16, 2025
Notably, the last time XRP broke above the EMA ribbons was in early November 2024, when it was priced at $0.54. Following this breakout, XRP skyrocketed by over 400% within weeks. Given the recent similar pattern, Steph predicts a potential rally to $13.25 if history repeats itself.
Bullish MACD Crossover Strengthens Uptrend
The second bullish indicator is the confirmation of a bullish MACD (Moving Average Convergence Divergence) crossover on the daily chart. A MACD crossover occurs when the MACD line moves above the signal line, often indicating the start of an upward trend.
Steph highlights that this crossover aligns with past instances where XRP entered a strong bullish phase, reinforcing the optimistic outlook.
Double-Bottom Breakout Suggests Parabolic Move
The third bullish signal is the completion of a double-bottom breakout on the monthly timeframe. This technical structure, commonly referred to as a “W” pattern, signals a shift from bearish to bullish momentum.
For validation, the price must clear the neckline, retest it, and sustain an upward move. Steph notes that XRP has successfully surpassed the neckline, paving the way for a potential parabolic rally. Based on technical projections, this breakout could push XRP beyond the $30 mark—a staggering 1,032% surge from its current price of $2.65.
Despite these bullish signals, Steph stresses the importance of XRP closing above $2.80 on the daily chart to confirm the uptrend. This level could act as a launchpad for further gains if maintained.
Also Read: XRP Price Prediction: Analyst Reveals Key Dates for $8, $13, and $27 Breakout!
Additionally, XRP’s trajectory remains tied to Bitcoin’s performance. BTC’s struggle below $100,000 has stalled market-wide rallies. Should Bitcoin reclaim its momentum, XRP could ride the wave to new highs.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
